I think they’ve got both, so theoretically they could issue both (full) MC debit cards and Visa debit cards, switch completely to Visa after the trial, resume using only Mastercard and discarding Visa (Trialing Visa an attempt to get better rates/fees with Mastercard, in re-negotiations.), or possibly even issue merged MC–Visa debit cards.
Visa has better coverage(?) and branding in the Americas and East Asia (which they’re expanding to in 2018), so there is a real possibility that they’re going to do a full switch to Visa, or a partial switch (MC for Europe, Visa for ROW).
It seems Revolut will have to stop crypto activity if they want LT bank licence. Any thoughts?
“The Bank of Lithuania confirmed that financial services providers must remain “dissociated” from cryptocurrency activity at any cost. This leaves very little room for interpretation, as it means no bank is allowed to let consumers buy or sell cryptocurrency right now”.
I believe Revolut use an intermediary and so may not be affected as they provide a financial crypto platform, but do not do the transactions direct.
A bit like Facebook denying responsibility for fake news and other unplalatable content